Posting Cash Expenses in Prosperity

Do you ever withdraw money from your personal account from the ATM yet you still want an itemized list of your expenses for your reports. For instance say you withdraw $100, and you end up spending $50 on eating out, $20 on personal care and $30 on Leisure. Did you know you can post the cash expenses to your reports? This will not affect the balance of your accounts but will give you one comprehensive report of ALL your expenses.

If you are using Prosperity for your business and you have a cash expense or pay for a business expense from your personal account you can follow this same procedure and you’ll have one report of ALL your taxable expenses come tax time!

Login in to your Prosperity account. Click Deposit, then other. You will not enter an amount in the amount field - you will instead enter the amount as an Income Category amount (we suggest adding an income category named something like “Posting Expenses Direct to Reports) and then add a line, using the green + sign below that, to post the expense as a negative number to an expense category. It is critical that the income category amount balances the expense category amount and that your left to split area is at $0.00 then just click save and the expense will be posted directly to your reports. Remember, you are entering this as a deposit (other) NOT a spend transaction for it to post to your reports. Once you do it a few times you’ll get the hang of it!

To see this in action I would recommend watching the video tutorial “Getting Started Any Other Day Than Jan 1st” as it will help you walk through this process. You can access this video tutorial as well as many others on the support page of our website: 

http://spendonpurpose.com/vidtutorials.aspx